Word: downwards
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Consider GDP. In October, the Commerce Department announced - to rejoicing in the media, on Wall Street and in the White House - that the economy had grown at a 3.5% annual pace in the third quarter. By late December, GDP had been revised downward to a less impressive 2.2%, and revisions to come could ratchet it down even more (or revise it back up). The first fourth-quarter GDP estimate comes out Jan. 29. Some are saying it could top 5%. If it does, should we really believe...
...When it comes to abortion, the trend line has been heading downward among whites and Hispanic teens. In 1990, 43.9% of pregnant white teens terminated their pregnancies, according to the Guttmacher report. In 2006, 29.3% did. Among Hispanics, the rate dropped from 28.1% to 22.9% in the same period. But among black teens, the rate has not moved much in 15 years - holding steady at about 41%. (Read "How to Bring an End to the War Over...
...biggest problem AB InBev faces is the downward trend in beer consumption in Europe. The company says European drinkers have been gradually switching to wine and spirits in recent years, causing sales of beer to decline sharply. In beer-loving Belgium, the problem has been particularly acute: beer sales plummeted 20% from 2000 to 2008. One reason for this, according to the market-research firm Euromonitor International, is that the Belgian population is aging and thus less likely to go out to bars to drink. And the trend shows little sign of reversing. Fifty years ago, the average Belgian drank...
...Yemen apparently on the verge of becoming the world's next failed state and a regional base for al-Qaeda, a series of U.S.-assisted air and ground assaults that shook pockets of Yemen last week might have seemed like a positive development in the troubled country's otherwise downward spiral. But the dramatic action, which appears to have resulted in a number of civilian casualties, may not right the situation at all. "The U.S. has been growing very concerned about al-Qaeda in recent years, but it seems as though the U.S. is coming rather late to the party...
...quarter, with its strongest showing in two years, India posted inspiring 7.9% growth and the results out of tiny Taiwan, one of the economies slammed the hardest by the global recession, were so impressive one economist beamed that the island "got its groove on." Stock markets, aside from a downward blip here and there, have generally been buoyant. During this season of Thanksgiving and holiday cheer, there seems to be good reason to give thanks and be cheerful...